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Law
Firm Mergers |
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The
number of impending and possible mergers of major law firms announced
during the past few months has, to say the least, been unusually
high. Most astonishing of these is the proposed merger
between New York’s Dewey
Ballantine and San Francisco’s Orrick,
Herrington & Sutcliffe. The two have been long-time members
of The
Am Law 100. Most recently, Orrick was ranked 35th by gross
revenue, and Dewey ranked 58th. By size, Orrick ranked 26th in
the most recent NLJ
250 report (November 2006), with 924 lawyers, and Dewey ranked
70th, with 544 lawyers. The merger would result in the “mega
firm” of Dewey Orrick LLP, with approximately $1billion
in annual revenues. If you’ve missed our blog bulletins
about recent mergers, read on.
This edition
of the newsletter also examines how pro bono was reported this
year. We also explore how to find information about law firm office
locations in the ALM
Research Online database, and give you the “Inside Info”
about ALM’s Director of Reprints and Permissions, Syndia
Torres.
~ Margaret Daisley,
NewsLine Editor
More
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| In
the News | In the Database |
Location,
Location, Location |
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More
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Seemingly lost in the shuffle of news, reports,
and lists having to do with firm financials are The
American Lawyer’s annual Pro
Bono Report and rankings. The report is important not only
as a reflection of all the good work done by already-hard-working
attorneys, but serves as a record for each
AmLaw 200 firm’s pro bono efforts in the previous year.
Each firm’s rank in the Pro Bono Report also figures prominently
in the annual A-List,
also published in American Lawyer magazine.
For those who want to cut to the chase and get the searchable
spreadsheet containing the rankings and data upon which the rankings
are based, click on Pro
Bono Report. The spreadsheet is free to subscribers and costs
$250 for non-subscribers. The methodology and definitions for
the Pro Bono Report, and for all lists and data contained in the
ALM
Research Online database, can be accessed in one handy document
by clicking on ALM
Methodology. The Methodology can also be accessed on the home
page of ALM Research Online, under the heading ALM
Research Toolbox.
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| Inside
information |
More
Than Reprints – Electricity |
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Syndia
Torres, officially
the Director of Reprints & Permissions at ALM
Research, is looking for a more descriptive title for
what her department does. Yes, reprints – as most traditionally
think of them – are a significant part of the overall scheme,
but the products and services of the group are much more diverse.
Over the years the group has expanded to offer digital rights, plaques,
and promotional items. Most recently, the group is expanding to
offer promotional brochures and books based on compilations of ALM
articles, news items, and features about the client. In other words,
not just a reprint, but a custom-published book, which can then
be used for marketing or commemorative purposes. Under Syndia’s
leadership, the reprint department has grown and evolved so rather
than “reprints and permissions”, she offers that “custom
marketing services” may be a more accurate title and description
of her department.
More
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| Editor's
Note |
Searching the Database |
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Writing this newsletter has given me
the excuse to pursue, with almost-guilty pleasure, searches for
information that I might not otherwise have thought to try in the
ALM
Research Online database. It’s like role-playing,
where I put myself in someone else’s shoes and try to imagine
their approach to getting the best intelligence available.
If I were (for instance) on the executive committee of a firm
looking to move into (for instance) the London market, I’m
sure we would want to consider several scenarios – setting
up our own office, acquiring an existing boutique, partnering
with a firm already in the market, or even merging with a compatible
firm. With those suppositions in place, I experimented with a
variety of searches – looking at the NLJ
250 spreadsheet information about branch offices, perusing
the newly-released Global
100 spreadsheet to get a sense of the size and profitability
of U.K.-based firms and the NLJ 250 and AmLaw
200 firms that already have offices there. I also checked
the Laterals
Report to see whose partners had been moving in and out of
London in the last few years.
More
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